Registered number: 08081630 Charlty number: 1197703 WORCESTERSHIRE CRICKET BOARD LIMITED (A COMPANY LIMITED BY GUARANTEE) UNAUDITED TRUSTEES, REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022
WORCESTERSHIRE CRICKET BOARD LIMITED IA COMPANY LIMITED BY GUARANTEE) CONTENTS Page Referènce and Admlnlstratlve Detalls of the Company, its Trustees and Advisers Trustees. Report Indop•nd8nt Examlnerfs Report Statement of Financial Activltle$ Balance Sheet Notes to the Financial Statom•nt8 10-17
WORCESTERSHIRE CRICKET BOARD LIMITED IA COMPANY LIMITED BY GUARANTEEI REFERENCE AND ADMINISTRATIVE DETAILS OF THE COMPANY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 DECEMBER 2022 Trustèes K Drew, Chair JRoe D Prakash G Roberson J Ellis-seabrook (appointed 5 April 20221 J Riaz lappoinled 5 April 20221 S Glarvey (appointed 5 April 20221 A-M Konstantinides {appointed 5 April 20221 P Dawson lappoinled 5 April 20221 R Carter lappointed 5 April 20221 J Hingley (resigned 7 Aprll 20221 J Williams (resigned 11 October 20221 T Green Iresigned 19 October 20221 Company rnglstered numbor 08081630 Charlty regl¥t¢rod number 1197703 Reglstored offl¢e Bishop Fleming 1-3 College Yard Worcester WR12LB Company 8•¢rotary R Carter Indop•nd•nt Examlners Bishop Fleming LLP Chartered Accountants 1-3 College Yard Worcester WR12LB Page 1
WORCESTERSHIRE CRICKET BOARD LIMITED IA COMPANY LIMITED BY GUARANTEE) TRUSTEES, REPORT FOR THE YEAR ENDED 31 DECEMBER 2022 The Charity wa5 incorporated on 24 May 2012 and registered with the Charity Commlssion on 28 January 2022. The Trustees present Ihelr annual report together with the financlal statements of the Company for the year ended 31 Decernber 2022. The Annual Report serves the purpose5 of both a Trusle8s' Report and a Directors, Report under company law. The Trustees confirm that the Annual Report and financial slalements of the charitable company comply with the current slalutory requirements, the requirements of the charitsble company's governing document and the provisions of the Statement of Recommended Practice ISORPI applicable to charities preparing their accounts in aGGordance with the Financial Reporting Standard applicable In the UK and Republic of Ireland IFRS1021 leffeclive 1 January 20191. Since the Company qualifies as small under section 382 of the Companies Act 2006. the Strategic Report required of medium and large companie5 under the CoTnpanies Act 2006 Islralegic Report and Directors, Report) Regulations 2013 has been omitted. OBJECTIVES AND ACTIVITIES a. Pollcle5 and obJo¢tlvo8 Th& Charity's Inl&resls are of soclal welfare wlth the oblecl of Improvlng the conditions of life of people for whom the facilities and a¢llvlties are primarlly Intended, to organlse, provide or assist with provision of activities and fa¢ilill&s for healthy recreallon, especlalty bul not exclusively by playing or otherwise participating in the game of crick61 and ¢rl¢kel related activltles. In setlSng oblecllves and plannlng for aclivilies, the Trustees have given due ¢onslrJer8tlon lo genergl guidance published by the Charity Commission relaling lo public benefit, including the guidance 'Public b8nefil.' runnlng a charlly IP821'. b. Strategles for achlevlng obJectlvo8 In ensuring the objectivés are m81, th8 Trustees operate a rlgorous pro¢ess of largel selling. The financlal budget focuses on sel largels for èach programn)e agalnst the overall strategy. c. Actlvltles undertaken to achleve obJectSves The Trustees maintain ongoing tracking of progress towards targets, whlch are reviewed a¢cordlng lo an annual programme of Scrutiny and review. d. Maln actlvltles undertaken to further the Company's purposes for the publlc benoflt The trustees have given regard lo the legislative and regulatory requirements for disclosing how the Charities objectives (as sel out in its governing documenll have provided benefit to the public. The Trustees have complied with the duty sel out in Section 4 of the Charities Act 2011. This report outlines how the Charity's achievements durlng 2022 have benefited the public, either directly or indI¢11y. Page 2
WORCESTERSHIRE CRICKET BOARD LIMITED IA COMPANY LIMITED BY GUARANTEE) TRUSTEES, REPORT ICONTINUEDI FOR THE YEAR ENDED 31 DECEMBER 2022 ACHIEVEMENTS AND PERFORMANCE . Main achievements of the Company 2022 has seen incremental growth in all areas across the various programmes undertaken, highlighted especially with record numbers of All Stars and Dynamos participants. Women and Girls ¢ri¢kel in the County continues lo go from strength lo strength and our growing disability programme ensures inclusion is at Ihe heart of all we do. The Inlroductiorb of the Communlly strand of delivery in 2022 has started lo enable us lo reach new communities arsd we are excit8d lo see this grow further in the Goming years. The development of community programmes ha$ seen our executive team grow to o full-lime team of 10, and we would like to thank all of them for the hard work, commitment and dedicatn throughout the year, ensurlng that cricket is a game for everyone. b. Revlew of actlvltles Club Su Two Club Development Officers work across our 66 clubs in Worcestershire and are responsible for a supporting clubs in all matters In¢ludlng development, lacililies, safeguarding, governance and funding. In 2022, 32 clubs were supported In gaining Clubmark accreditation and £111.000 ECB Counly Grants fundlng was distributed to 19 clubs to support in a series of proj8cls with the following themes., creating w$lcorning environments, provSrJlng enhanced facilitlgs and laokling climate change. All clubs were supported through 2022 In onboarding lo the Safehands Management System, ensuring safèguardlng compllance throughout the County. elilion5 Across our junior Gompetitions we saw 472 junior teams from 47 clubs lake part In 23 divlsions and 6 cup compelilion5 throughout WorTrster$hire. This saw 2,400 junior participants lake part In 1,843 matches. Education In 2022 Worcestershire Crlckel Board h83 dellvered Support Coach, Foundallon 1 and Core Coach ECB qualifications. 41 x support coach, 80 x Foundation I coaches and 41 x Core Coaches have been supported through these courses, wllh 50'h of the partlcipants being female. 32 teenagers aged belmeen 13-18 ¢ompleled our Volunteers course and 10 women completed our Women's only Slep Forward course. Both courses have blended learning opportunities focussing on umpiring, scoring and coaching aspects ofthe game. A further increase was seen in our Women's Softball fesllvals with 650 participants taking part in 2022. Thig Gulminaled in the UK'S largest Women's Softball M6gafesl whlch saw 25 teams and 222 participants from all over the Country descend on New Road lor an aelion-pack6d day of cricket. 532 unique participants across 39 Women's teams and 234 unique partlclpants across 41 girl's teams also took part in our competitions in 2022. National Pr ramm Another record-breaking year in National Programmes saw a total of 2839 participants enjoy a Summer of action-packed fun. This was splil into 1839 participants in our All Stars programme (5-8 year olds) and 1000 participants in our Dynamos programme (8-11 year olds). Across both programmes 320h of 811 participants were female. Page 3
WORCESTERSHIRE CRICKET BOARD LIMITED IA COMPANY LIMITED BY GUARANTEEI TRUSTEES. REPORT ICOWINUEDI FOR THE YEAR ENDED 31 DECEMBER 2022 ACHIEVEMENTS AND PERFORMANCE ICONTINUEDI Grant funding was ulllised lo support 624 plaS on National Programmes lo be delivered free of charge in community sellings throughout the County. School Doliv8 Through our Chanoe to ShSne programme Worcestershire Cricket Board delivered to 1259 hours lo over 11,500 chlldrers. In addltlon lo Ihls, by doublSng our own school programme in 2022 the Board delivered a further 860 hours to ovér 3,500 chlldren. A 400k increase In our school competltion entries saw 40 competitions throughout WOrsterShire. The culrnlnallon of schoo15 dellvery saw 750 children attend New Road for schools day al the cricket" with day full of activities a5 well as being able to watch England Lions lake on South Africa. Communit In the first year of dedi¢¥ted Communlly delivery, the Board has developed a number of prole¢ls and seen these flourish. 5 walklng cri¢kel hubs dellvering 8 ses8ions havg seen over 100 partlelpanls regularly attend. ThSs has been supplemented by a walking cricket showcase taking plae8 on th6 outfield of New Road during County Champlonship games. 1171 partl¢ipants have attended our free Holiday aclivlty and food IHAFI camps Sn 2022, Participants who recelve benefits related Iree school meals attended our fun fllled mulli-sport Camps with a meal provided during the day. 80 Afghan refugees aged bee&n 5-22 took part in varlous free crlckel sesslons around the County Worcestershire, culminating in a lour of New Road and an opportunity lo play on the hallowed turf. Dlsablll Crfcket A¢ross Worcestershire, 5 x Super 1s hubs were ran at Oldswinford, Worcesler, Reddilch, Kidderminster and Ev6sham for 73 particlpants, In 2022, a further hub was developed In Hereford with 10 regular parti¢ipants In allendance. Our dlsability d8y al the cricket saw 150 SEND school chlldren attend New Road for games on the outfield prior to watching the England disability team taking on the Lords Taverners. Wiaketz Wicketz target¥ young people aged 8-16 living in areas of deprivation wilhoul the access to sporting opportunities. 4 hubs were ran at Worcesler, Reddilch, Kiddermlnsler and Dudley with 132 regular parti¢ipanls. In the Summer the Btsard entered all 3 National residential festivals with 26 participants taking part, includlng enty into the National girls festival for the first time. In 2022. 7 participants have gone onlo undergraduate Degreè courses at Unlversity, 7 participants were selected for County age-group programme$ and 3 volunteers have been trained as F1 coaches lo help support sesslons, Chance lo Shine Street Chance lo Shine Street was given a new boost last year having been affécted previously by Covid and struggllng to re-eslablish in 2021. Having secured new facility hire in Pedmore, the Board adapted the Redditch hub lo become the first Girls only hub in Worcesler. Numbers grew through delivery of taster sessions reaching 15 new participants in Pedmore and 10 female participants at Redditch. Page 4
WORCESTERSHIRE CRICKET BOARD LIMITED IA COMPANY LIMITED BY GUARANTEEI TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENDED 31 DECEMBER 2022 FINANCIAL REVIEW Flnanclal Revlew Worcestershire Cricket Board's lolal income for the year was £580,51812021.' £454.861) and total expenditure was £522,375 {2021.' £345,725). The accounts show a surplus for the year of £58,143 12021.. surplus of £108.2721. b. Golng concern After making appropriate enquiries, the Trustees have a reasonable expeclallon that the Company has adequate resources to continue in operational existence for the foreseeable future. For Ihls reason, they continue to adopt the going concern basis in preparing the financial slatemenls. Further dglails regardlng the adoption of the ooing concern basis can be found in the accounting policies. c. Reserves pollcy The Worcester Cricket Board aims lo have al least six months turnovèr in fre8 reseNe$. Al the yèar ond fr8e reserves excluding fixed asstls wère £362.96512021'. £304,822). d. Flnanclal rlsk manag•mont obJectlvo9 and pollcles The Trustees have conducted a revSew of the major rlsks to which the Charity is exposed and a rlsk reglsler Is reviewed on a regular ba51s. Where neGe5sary, systems and procedures have been produced lo manage the risks of the Charity. STRUCTURE, GOVERNANCE AND MANAGEMENT a. Constitutlon Worcestershire Cricket Board 15 a Company Ilmiled by guarantee governed by its Memorandum and Articles of Association dated 24th May 2012, The Memorandum and Artlcles of Association were amended by a special resolution on 22nd Novemb&r 2021. 11 Is also a charity reglstered with the Charity Commission as of 28 January 2022, b. Methods of appolntmont or ol•ctlon of Tru$tO06 The management of the Company 15 the responsib11ity of the Trustees who are elected and ¢OwOPttsd under the terms of the Memorandum of Association. Organ18ational structure and decislon-maklng pollcies The Trustees meel'on a regular basis to deal with the business of the Charity. The Charity currently directly employs 10 full-time staff and various part-time staff to provide coaching and delivery on the courses that the Charity organises, and other work as required in fulfilling any granl-based activity. The Charity has three Committees which report to the main Iru51ee meeting.. the Cricket Committee, the Finance, Risk, Remuneration. Audit and Govemance IFRRAG) Committee and the Strategy and Performance Committee. These three committees are made up of both Trustees and executives. Page 5
WORCESTERSHIRE CRICKET BOARD LIMITED IA COMPANY LIMITED BY GUARANTEEI TRUSTEES. REPORT (CONTINUED FOR THE YEAR ENDED 31 DECEMBER 2022 STRUCTURE, GOVERNANCE AND MANAGEMENT (CONTINUED) d. Pay pollcy for key management personnel Key management personnel are paid a fixed salary as d68med lo be approprlate lo the slze of operations of the Charity. e. Flnanclal risk managemgnt The Trustees have assessed the major risks to which the Companyls 6xposed, In particular thos8 rtslaled lo the operations and finances of the Company. and ar8 sa115fied that systems and procedures ar8 in place lo miligale exp08ure to the major risks. STATEMENT OF TRUSTEES, RESPONS181LITIES The Trustees (who are also the dlreclors of the Company for the purposes of company lawl 8re responsible for preparing the Trusl88s' Report and the financial stslemenls in accordance with applicable law and United Kingdom Accountlng Standards Iunlted Klngdom Generally Accepted Ac¢ounllng Practice). Company law requlre5 the Trustees lo prepare flnan¢lal $18lement$ for each financial year. Under company law. the Trustees must not approve the financial statements unless they are satisfi'ed that they give a true and lalr view of the slate of affairs of the Company and of 11$ In¢omlng resources and application of resources, Including ils Income and expenditure, for that period. In preparlng these fin8ncial stalemenls, the Trust8ès aré r6qulred to.. select sultable accounting pollGle5 and then apply them consistently., observe the methods and principles of the Charities SORP IFRS 1021., make judgments and accountlng estimates that are reasonable and prudent., slate whelh$r appllcable UK Accounting Standards IFRS 1021 have been followed, subject to any malerlal departures dlsclosed and explained in the financial slatemenls., prepare the financial slalemenls on the going concern basis unless11 is inappropriate lo presume that th8 Cornpany wlll contlnue in business. The Trustees are responslble for keeping adeqL¢ale accounting records that are sufficient to show and explaln the Company's Iransacllons and disclose with reasonable accuracy al any time the financial position of th& Company and enable them to ensure that the financial stalem8nls comply with the Companies Act 2006. Th&y are also responsible for safeguarding the assets of the Company and hence for taking reason8ble steps for the prevenllon and detgclion ol fraud and other irregularities. Approved by order of the members of the board of Trustees and signed on their behalf by.. R Carter Secretary Date: 2zlor Iz£)z3 Page S
WORCESTERSHIRE CRICKET BOARD LIMITED {A COMPANY LIMITED BY GUARANTEE) INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 DECEMBER 2022 INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF WORCESTERSHIRE CRICKET BOARD LIMITED I'the Company'l I report to the charity Trustees on my examination of the accounts of the Company for the year ended 31 December 2022. RESPONSIBILITIES ANO BASIS OF REPORT As the Trustees of the Company land ils directors for the purposes of company lawl you are responsible for the preparatlon of the accounts in accordance with the requirements of the Companies Act 20061'the 2006 Acl'l. Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report In respect of my examination of the Company's accounts carried out under section 145 of the Charitles Act 20111'the 2011 Act'l. In carrying out my examination I have followed the Directions given by the Charity Commlssion under section 14515}Ibl of the 2011 Act. INDEPENDENT EXAMINER'S STATEMENT Slnce Ihe Comp8ny's gross income èxce8ded £2SO,000 your examiner must be a member of a body lisled In section 145 of the 2011 Act. I confirm that l am quallfied to undertake the examination because l am a member of the Assoc181ion of Chartèred C&rtSfl&d Accounlanls, which is one of the Ilsted bodles. I have completed my examlnalion. I conflrm that no matters have come lo my allenlion In ¢onnectlon wllh the examlnation giving mè eause lo believe: accounting records were not kept in respect of Ihe Company as required by $8ellon 386 of the 2006 Act,, or the accounts do not accord with thosè records., or th& accounts do not comply with the accounllng requlrements of se¢tlon 396 of the 2006 Act other than any raqulrement that the accounts give a 'lrue and fair, view which 1$ not a matter considef6d as part of an independent examination.. or the accounts have not been prep2red in accordance with the methods and princlples of the Slalement of Recommended PraGti¢e for accounting and reporting by charities lappll¢able to charities preparing their accounts in accordance with the Flnanclal Reporting Standard appli¢able In the UK and Republic of Ireland IFRS 10211. I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this r8port in order lo enable a proper understanding of the accounts to be reached. This report is msde solely to the Company's Trustees, as a body, in accordance with Part 4 of the Charities IAcGounls and Reports) Regulations 2008. My work has been undertaken so that I might slate to the Company's Trustees Ihose mallers l am required to slate to them in an Independent Examiner's Report and for no other purpose. To the fullest extent permitted by law, I do not accept or a55ume responsibility to anyone other than the Company and the Company's Trustees as a body, for my work or for this report. Signed.. Andrew Wood FCCA Dated.. 28th June 2023 Bishop Flemlng LLP Chartered Accountants 1-3 College Yard wOrster WR12LB Page 7
WORCESTERSHIRE CRICKET BOARD LIMITED {A COMPANY LIMITED BY GUARANTEEI STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNTI FOR THE YEAR ENDED 31 DECEMBER 2022 Unrestrlcted funds 2022 Total funds 2022 Total funds 2021 Note INCOME FROM". Charitable activities 580,618 880,518 454,861 TOTAL INCOME 580,518 580.518 454,861 EXPENDITURE ON: Char+lable activltle8 522,375 522,375 345,725 TOTAL EXPENDITURE 522,375 S22,375 345,725 NET INCOME BEFORE TAXATION 58,143 58,143 109,136 18641 Taxallon NET MOVEMENT IN FUNDS 58,143 58,143 108,272 RECONCILIATION OF FUNDS: Total funds brought forward Net movement in funds 304,822 58,143 304,822 S8,143 196,550 108.272 TOTAL FUNDS CARRIED FORWARD 382,966 362.965 304,822 The Statement of Financlal Activities includes all gains and losses recognl8ed Sn the year. The notes on pages 10 10 17 form part of these flnancial statem$nls. Page 8
WORCESTERSHIRE CRICKET BOARD LIMITED (A COMPANY LIMITED BY GUARANTEEI REGISTERED NUMBER.'08081630 BALANCE SHEET AS AT 31 DECEMBER 2022 2022 2021 Note Current assets Debtors Cash at bank and in hand 18,611 368,204 481,962 481.962 386,815 Creditors.. amounts falling due within one year 10 1118,9971 181,9931 Ngt current as$ot8 362,965 304,822 Total assets less current Ilabllltles 362,965 304,822 Total net as8gts 362,965 304,822 Charlty funds Restricted funds Unreslricled funds 362,965 304,822 Total fund8 362,965 304.822 The Company was enlllled to exemptlon from audit under secllon 477 of the Companies Aol 20Cxg. The members have not requlred the company to obtain an audit for the year in question In accordance wllh section 476 of Companies Act 2006. The Trustees acknowledge their responsibilities for ¢omplyln9 with the requirements of tho Act wlth respect to accounting records and preparation of linan¢i81 Slalemenl8. The financial statements have been prepared in accordance wllh the provisions appllcable lo enlllies subject to the small companie5 regime. The financial statements were approved and authorlsed for Issue by the Trustees and slgned on their behalf by-. R Carter Secretary Date.. TLlor I Zw?S. The notes on pages 10 10 17 form part of these financial statements. Page 9
WORCESTERSHIRE CRICKET BOARD LIMITED (A COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022 GENERAL INFORMATION Worcestershire Crick6t Board Limlled, reolstered number 08081630,1s a charllabl6 company incorporated in England and Wales. Th8 r6glsl8r8d office Is Blshop Flemlng, 1-3 College Yard, Worcèsler. WR12LB. The Company is limited by guarantee, not havlng a share capital and Gons8qU8ntly the liability of the members is limited, subject to an undertaking by each member to Gonlribute to the n81 assets or liabilities of the Company on winding up such amounts as may be required not exceedlng £10. ACCOUNTING POLicies 2.1 BASIS OF PREPARATION OF FINANCIAL STATEMENTS The flnancial statements have been prepared in accordance with the Charities SORP IFRS 1021 Accounting ond Reporting by Charities.. Statement of Recommended Practice applicable to charitie¥ preparing their accounts in a¢¢ordan¢e with the Financial Reporting Standard applicable in the UK and Republi¢ of Ireland IFRS 1021 (effective 1 January 20191. th8 Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 and the Companl8s Act 2006. Worceslershlre Cricket 808rd Llmiled meets the definition of a publlc beneflt enlily under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise slated In the relevant accounting policy. 2.2 INCOME All Income is recognised once th8 Company has entltlemenl lo the income, 11 Is probable that the Income will be rec8ived and the amount of Income receivable Can be measured rellably. 2.3 EXPENDITURE Expendilura is recognised once there Is a legal or Gonslructive obllgatlon to transfer economic benefit lo a third paty, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expendllure is classifi'ed by activity, The costs of each activity are made up of the total of direct costs and shared costs, including support costs Involved in undertaking each activity. Direct costs attributable lo a single activity are allocated direGtIy lo that activity. Shared costs which contribute to mora than one actlvlty and support costs which are not attributable 10 8 single activity ale apportioned baeen those activllies on a basis consistent with the use of resources. Central staff costs are allocalod on the basls of time spent, and depreciation Gh&rges allocated on the portion of the asset's Use. Expenditure on ch8ri1able aclivilie8 is incurred on directly undertaklng the activities which fvrther the Company's obje¢lives, as well as any associated support costs. All expenditure is in¢lusive of irrecoverable VAT. 2.4 DEBTORS Trade and other debtors are re¢ognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid nel of any trade discounts due. 2.5 CASH AT BANK AND IN HAND Cash al bank and in hand includes cash and short-temi highly liquid investments with a short maturity of three months or less from the date of acquisition or openlng of the deposit or similar account. Page 10
WORCESTERSHIRE CRICKET BOARD LIMITED IA COMPANY LIMITED BY GUARANTEEI NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022 ACCOUNTING POLICIES (contlnuedl 2.6 LIABILITIES AND PROVISIONS Liabllities are recognised when there is an obligation al the Balance Sheet dale as a result of a past èvent, it Is probable that a transfer of economic benefit wlll be required in settlement. and the amount of thè selll8menl can b8 8sllmaled rellably. Liabilitles ar8 r8¢ognls8d at th8 amount that tha Company anllclpates It w511 pay lo sèttle the debt or the amount It has r8¢&lv8d as advanced payments for the goods or seNl¢8s It musl provide. Provlslons are measured al the b881 esllmate of the amounts required to S8ttle tho obligation. Where th8 8ffeGt of the Ilme value of money is materlal, the provision is based on th2 presonl value of those amounts, dlscounled al the Pre-tax dlscount rale Ihal reflect$ the risks specifiG lo the liability. The unwinding of the discount Is recognised in the Statement of Financial AGlivllies as a flnance cost. 2.7 FINANCIAL INSTRUMENTS The Company only has financial assets and flnancl81 Ilabllities of a klnd Ih8t qualify as basic financial instruments. Basic financial inslrurnenls are initially recDgnised al transaction value and subsequently measured at Ihelr settlement value with the exception of bank loans which are subs8qu8ntly measured at amortised cost using the effectlve interest method. 2.8 PENSIONS The Company oper81es a defined contribution penslon scheme and the penslon charge represents the amounts payable by the Company lo the fund In respect of th8 year. 2.9 FUND ACCOUNTING General funds are unreslricled funds which are available for use 81 the discretion of the Trustees in furtherance of the general objectives of the Company and which have not been designated lor other purposes. INCOME FROM CHARITABLE ACTIVITIES Unrostrlcted funds 2022 Total funds 2022 Total fund5 2021 Income from charitable activities- Cricket Events 580,518 580,518 454,861 TOTAL 2021 454,8e1 454,861 Page 11
WORCESTERSHIRE CRICKET BOARD LIMITED IA COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022 ANALYSIS OF EXPENDITURE ON CHARITABLE ACTIVITIES Summary by fund typ8 Unrestricted funds 2022 Total 2022 Total 2021 Cricket Events 522,375 522,375 345,725 TOTAL 2021 345.725 345,725 ANALYSIS OF EXPENDITURE BY ACTIVITIE8 A¢tlvltles undertaken dlrectly 2022 Support costs 2022 Total tund$ 2022 Total funds 2021 Cricket Evanls 343,590 178,785 522,375 345,72S TOTAL 2021 220,463 125.262 345.725 Page 12
WORCESTERSHIRE CRICKET BOARD LIMITED {A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022 ANALYSIS OF EXPENDITURE BY ACTIVITIES (CONTINUED) ANALYSIS OF DIRECT COSTS Cricket Events 2022 Total funds 2022 Total funds 2021 Staff costs Travel & subsistence Equlpmenl & hall hire Staff training and welfare Bank chargas Computer Entertaining Legal & professlonal Prinllng, postsge & slalionery Advertlsing & promotion 239,337 38,399 50,316 11,297 119 239,337 38,399 60,316 11,297 119 184,786 20,897 6,569 3,419 1,347 2,666 2.e84 170 507 761 2,684 170 507 761 999 343,590 343,590 220,463 TOTAL 2021 220,463 220,463 Page 13
WORCESTERSHIRE CRICKET BOARD LIMITED IA COMPANY LIMITED BY GUARANTEEI NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022 ANALYSIS OF EXPENDITURE BY ACTIVITIES ICONTINUEDI ANALYSIS OF SUPPORT COSTS Cricket Event8 2022 Total funds 2022 Total funds 2021 Staff costs 113,240 6,378 12,830 1,605 1,756 113,240 6,378 12.830 1,605 1,756 80,163 3,204 297 3.908 1,124 Travel & subsislen¢e Equipment & hall hira staff training & welfare Bank ¢harg88 k iii Computer Entertaining Insurance Legal & professional Prlnling, postage & stationery Advertising & promlion Subscriptions Telephone Rent 6,393 255 4,523 10,414 438 185 528 6,202 15,038 5,393 266 4,523 10,414 438 185 628 6,202 15,038 1,402 269 3,221 11,888 90 1411 809 4,045 14,883 178,785 178,7B5 125,262 TOTAL 2021 125,262 125,262 INDEPENDENT EXAMINER'S REMUNERATION 2022 2021 Fees payable to the Company's independent examiner for the independ8nl examination of the Company's annual accounts Fees payable lo the Company's independent examiner in respeGI of.. Accounts preparation and sUPPOrt 4,500 2,700 Page 14
WORCESTERSHIRE CRICKET BOARD LIMITED {A COMPANY LIMITED BY GUARANTEEI NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022 STAFF COSTS 2022 2021 Wages and salaries So¢ial security costs Other pension costs 325,326 19,573 7,678 243,752 14.229 6,948 352,677 264,929 The average numb8r of persons employed by the Company during the year was a5 follow5: 2022 No. 2021 No. Employ88S 30 25 No employee received r8munerallon amountlng lo more than £60,000 In ellher year. TRUSTEES. REMUNERATION AND EXPENSES 2022 2021 J Hinoloy Remunerats'on Pension contributions paid 373 38,875 1,475 During the year ended 31 December 2022, no Trustee expenses have been incurred12021- £NILI. DEBTORS 2022 2021 Prepayments and accrued income 18,611 10. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2022 2021 Corporation tax Other creditors Accruals and deferred income 864 8,721 72.408 6,827 112,170 118,997 81,993 Page 15
WORCESTERSHIRE CRICKET BOARD LIMITED IA COMPANY LIMITED BY GUARANTEEI NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022 11. STATEMENT OF FUNDS STATEMENT OF FUNDS - CURRENT YEAR Balance at 31 De¢ember 2022 Balance at 1 January 2022 Incom8 Expenditure UNRESTRICTED FUNDS General Funds 304.B22 680,618 {522,3751 362,965 STATEMENT OF FUNDS- PRIOR YEAR BalanGe al 31 December 2021 Balance al 1 January 2021 Income Expenditure Taxallon UNRESTRICTED FUNDS G8n8ral Funds 196,550 454,881 1345,7251 {8641 304,822 12. ANALYSIS OF NET ASSETS BETWEEN FUNDS ANALYSIS OF NET ASSETS BETWEEN FUNDS - CURRENT YEAR Unrestrlcted funds 2022 Total funds 2022 Current assets Creditors due within one year 481.962 1118,9971 481,962 {118,9971 TOTAL 362,965 362,965 Page 16
WORCESTERSHIRE CRICKET BOARD LIMITED IA COMPANY LIMITED BY GUARANTEEI NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022 12. ANALYSIS OF NET ASSETS BETWEEN FUNDS ICONTINUEDI ANALYSIS OF NET ASSETS BETWEEN FUNDS - PRIOR YEAR Unreslricled funds 2021 Total funds 2021 Current assets Credltor5 due withln one year 386,815 181,9931 386,815 181,9931 TOTAL 304,822 304,822 13. PENSION COMMITMENTS The Company operates a defined contribution pension s¢heMe. The assets of the schem8 are held separately from those of the Company in an independently admlnislered fLsnd. The pension cost charge represents contributions payable by the Company lo the fund and amounted to £7.678 12021.. £6,948). Contributions tolalling £1,401 {2021.' £1,261) were payable to the fund 8t the repDrtin9 dale and are Included In creditors. 14. RELATED PARTY TRANSACTIONS During the year income of £1,74012021.. £Nill was received in relallon lo coaching providod lo Tho King's School, Worcester. Jabba Riaz, 3 Trustee of tho Wor¢estershire Crlcket Board Limited, is also a Trustee of The King'5 School Worcesler. During the year expenditure of £4,222 12021.. £9811 w88 paid lo The King's School, Worcestershire In relation to facility hire. At the year end £Nil12021' £Nill was due tolfrom The King's School, Wo@s1r. Page 17